Greek state budget records 1.46 billion primary surplus



Greece's Finance Ministry announced a primary surplus of 1.461 billion euros in the January-April for the State budget, from a target for a primary deficit of 670 million euros, down from a primary surplus of 1.8 billion euros in the same period last year.

The data was published in a report released by the Ministry on Wednesday which also showed a government deficit of 1.043 billion euros in the four-month period, form a target for a deficit of 3.177 billion euros.

Net revenue was 15.954 billion euros, up 8.9 pct from budget targets. Tax returns was 1.191 billion euros, up 98 million euros from targets, while Public Investment Program revenue was 888 million euros, up 32 million from targets.

Net spending was 16.997 billion euros in the January-April period, down 769 million from targets and up 1.729 billion compared with the same period last year. Public Investment Program spending was 886 million euros, down 154 million from targets.

In April, budget revenue was 3.969 billion euros, down 26 million from monthly targets, while regular budget revenue was 4.198 billion euros, up 18 million from targets. Public Investment Program revenue fell short by 164 million euros. Tax returns totaled 229 million euros in April, up 44 million from monthly targets. Budget spending was 4.243 billion euros, up 241 million from monthly targets.

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